Tiscali buys C&W's French Net ops
Ebb and Flow
Tiscali has scooped up the French internet ops of Cable & Wireless for &euro5.6m cash. It also inherits 100 customers and 120 C&W employees. The pan-European ISP says the deal will take its annual business-to-business revenues in France to €50m.
C&W is retrenching to the domestic and Caribbean markets, following an extraordinarily expensive attempt to rule the Internet hosting world. The company will continue to serve companies in Europe - but only if they are multinationals.
The C&W press release is here. ®